Investors who bought the company’s shares in Burger King’s IPO became popular today. Burger King today received a bang listing at 87.7% premium on the first day of trading in the NSE, while its listing on the BSE was at a 92% premium. The company’s shares were listed at Rs 112.5 on the NSE and Rs 115.35 on the BSE against the issue price of Rs 60. As the day progressed, the prices of its stocks picked up and today it was up 125% to close at Rs 135 on the NSE. At the same time, its prices on BSE reached 138.40 per share. In such a situation, the investors of Burger King can now hold shares or earn profits by selling, know the opinion of market experts…
Burger King is the 9th company that has given the most profits to its investors on the first day of trading in the stock market. In its history so far, only 8 companies have given more returns than Burger King on their Debut. Market experts have expressed the hope that the company has huge growth potential and has also received good ratings from brokerage firms. He says Burger King got the same opening as expected, as the company kept the issue price of the stock much lower than its rivals McDonalds and Dominos Pizza.
What to do investor
Keshav Lahoti, associate equity analyst at brokerage firm Angel Broking, told Moneycontrol that the company’s growth potential is quite impressive. In such a situation, the investors who have bought the stock for long term, hold it with them. In future, they will make good profits, as the company will further expand in India. The company will make more profit if there are more stores. Short term investors can make profits by selling their shares right now.
Bumper listing: Burger King shares closed up 92% above issue price at Rs 115.35
Will give more bumpers in the long term
Apart from Keshav Lahoti, Prashanth Tapse of Mehta Equities also advised that investors should hold the stock right now, as this stock will give them more bumper returns in the long term and it will prove to be a multibagger stock. He said that in the next two years the company will give bumper profits to the investors. At the same time, Ajit Mishra of Religare Broking advised that investors should make a profit by selling some of their shares right now and keep more than half the shares for long term. The company will also perform well in the long term.
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